In 2023, Lithuania led global support for natural gas for general services with 0.29% of GDP, followed by Mexico and Canada. Year-on-year comparisons show significant support increases in Canada and Mexico, with growth rates of 133.89% and 131.16%, respectively. Lithuania also experienced strong growth at 74.59%. Conversely, Argentina experienced a slight decline, and Japan eliminated its support altogether with a 100% reduction. Over the last five years, the compounded annual growth rate indicates a varied approach by countries towards natural gas support, with some expanding their investments, while others reduced or stabilized their budgets.
Future trends to monitor include:
- The impact of climate policies on natural gas support and shifts towards renewable energy sources.
- Economic conditions influencing government spending decisions on energy sources.
- Technological advancements affecting natural gas accessibility and efficiency.
- Geopolitical factors altering supply chains and energy security considerations.
Top countries in Total Support on Natural Gas for General Services by Country
| # | 8 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 0.29 | 2023 | +59.56% | +74.59% | View data |
| 2 | 2 Mexico | 0.13 | 2023 | +28.16% | +131.16% | View data |
| 3 | 3 Canada | 0.07 | 2023 | +25% | +133.89% | View data |
| 4 | 4 Argentina | 0.055 | 2023 | +17.02% | -0.36% | View data |
| 5 | 5 Colombia | 0.018 | 2023 | -5.26% | +8.45% | View data |
| 6 | 6 Norway | 0.012 | 2023 | 0% | +3.71% | View data |
| 7 | 7 Ireland | 0.001 | 2023 | 0% | 0% | View data |
| 8 | 8 Japan | 0.001 | 2023 | -100% | -100% | View data |
